Pulling the plug on the Banks ourselves.

[ambient]

Originally Posted by Peggy Anne

I like a bank that offers me no monthly/minimum balance/senior fees. BOA never gave me any trouble. I would hate to move to a little bank, and have it fold. (although I like small bank service in general). US Bank scares me. It isn't FDIC insured.

U.S. Bank Personal Banking

Look at the website. See at the bottom where it says "member FDIC"?

Basically ever bank in the USA is FDIC insured. If they weren't, no one would bank with them and they wouldn't exist.

[mattalli]

Originally Posted by HappyTexan

US Bank is both a bank and brokerage/investment company.
The bank part is FDIC insured.
The investment part is not FDIC insured.

Investing

Thanks for clearing that up, I thought the same but wasn't 100% with all of the FDIC bank take overs.